Bearish
AUD/NZD is currently at the 1.1045, trading in a range. IF the pair can break the slope support, we're looking for a continuation to the ATR target of 1.0974, and then to 1.0952.
Watch for the bounce there and keep an eye on the USDX for any change in direction; USDX was down at the time of this post.
The ATR for the pair currently is 75 pips per day and its 180 day average is 67 pips per day.
